# Ghana Government Debt to GDP

Ghana Government Debt to GDP was 45.7% in August 2026, down 0.2 percentage points from July 2026 and down 0.7 percentage points from a year earlier.
Among the 38 economies Makrognosis covers on this measure, it is the 12th lowest.
Over the past available history it has ranged from 41.5% (Jan 2026) to 68.9% (Sep 2024), averaging 55.9%.

- Source agency: Ghana Ministry of Finance
- Makrognosis code: `GH.GOVDEBT.M.NSA`
- Frequency: monthly
- Units: % of GDP
- Coverage: 2023-01-01 to 2026-08-01 (44 observations)
- Page: https://makrognosis.robomacro.com/data/ghana/government-debt-to-gdp

## Recent data

| Period | Value |
|---|---:|
| August 2026 | 45.7% |
| July 2026 | 45.9% |
| June 2026 | 45.0% |
| May 2026 | 45.1% |
| April 2026 | 43.6% |
| March 2026 | 42.9% |
| February 2026 | 42.2% |
| January 2026 | 41.5% |
| December 2025 | 45.3% |
| November 2025 | 45.6% |
| October 2025 | 44.6% |
| September 2025 | 48.4% |
| August 2025 | 46.4% |
| July 2025 | 44.5% |
| June 2025 | 43.4% |
| May 2025 | 43.3% |
| April 2025 | 51.7% |
| March 2025 | 54.5% |
| February 2025 | 54.4% |
| January 2025 | 53.3% |
| December 2024 | 61.8% |
| November 2024 | 63.1% |
| October 2024 | 65.2% |
| September 2024 | 68.9% |

## API

```
curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/GH.GOVDEBT.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/GH.GOVDEBT.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
```